Macy’s (M) EVP, COO & CFO granted 83,829 restricted stock units as equity pay

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Edwards Thomas Jr. reported acquisition or exercise transactions in this Form 4 filing.

Macy's, Inc. executive Thomas Jr. Edwards, who serves as EVP, COO & CFO, received a compensation-related equity grant. On March 26, 2026, he was granted 83,829 restricted stock units, each representing one share of Macy's common stock. These units vest in four equal installments, beginning on the first anniversary of the grant date, meaning the award is designed to keep him aligned with the company’s long-term performance over several years. Following this grant, his directly held restricted stock unit position reported in this filing totals 83,829 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Edwards Thomas Jr.

Role EVP, COO & CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	83,829	$0.00	--

Holdings After Transaction: Restricted Stock Units — 83,829 shares (Direct)

Footnotes (1)

Each restricted stock unit represents the equivalent of one share of the Issuer's common stock. On March 26, 2026, the reporting person was granted 83,829 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.

Key Figures

RSU grant size: 83,829 units Underlying common shares: 83,829 shares Post-transaction RSU holdings: 83,829 units +1 more

4 metrics

RSU grant size 83,829 units Restricted stock units granted on March 26, 2026

Underlying common shares 83,829 shares Each RSU equals one share of common stock

Post-transaction RSU holdings 83,829 units Total restricted stock units reported as directly held after grant

Vesting structure 4 equal installments Vesting begins on first anniversary of March 26, 2026 grant date

Key Terms

Restricted Stock Units, grant, vesting, Common Stock

4 terms

Restricted Stock Units financial

"Each restricted stock unit represents the equivalent of one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

grant financial

"the reporting person was granted 83,829 restricted stock units"

vesting financial

"restricted stock units vesting in four equal installments"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Common Stock financial

"represents the equivalent of one share of the Issuer's common stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

03/30/2026 - 06:24 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Edwards Thomas Jr.

(Last)

(First)

(Middle)

C/O MACY'S, INC.

151 WEST 34TH STREET

(Street)

NEW YORK

10001

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Macy's, Inc. [ M ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, COO & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/26/2026		A		83,829		⁽²⁾	⁽²⁾	Common Stock	83,829	$0	83,829	D

Explanation of Responses:

1. Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.

2. On March 26, 2026, the reporting person was granted 83,829 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date.

Remarks:

	/s/ Steven R. Watts, as attorney-in-fact for Thomas Edwards Jr. pursuant to a Power of Attorney	03/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Macy's (M) report for Thomas Jr. Edwards?

Macy's reported that EVP, COO & CFO Thomas Jr. Edwards received a grant of 83,829 restricted stock units. This is a compensation award, not an open-market stock purchase or sale, and ties his pay to Macy’s future share performance over time.

How many shares are covered by the new RSU grant at Macy's (M)?

The grant covers 83,829 restricted stock units, with each unit equal to one share of Macy’s common stock. This entire amount is reported as directly held following the transaction in the Form 4 insider filing.

How do the new Macy's (M) RSUs for Edwards vest over time?

The 83,829 restricted stock units vest in four equal installments. Vesting begins on the first anniversary of the March 26, 2026 grant date, spreading the award over several years to encourage long-term leadership retention and performance.

Is the Macy's (M) Form 4 transaction a stock purchase or sale?

No, the Form 4 shows a grant classified as an acquisition under compensation, not an open-market purchase or sale. The transaction code is “A,” indicating a grant or award of restricted stock units to the executive.

What role does Thomas Jr. Edwards hold at Macy's (M) in this filing?

In the filing, Thomas Jr. Edwards is identified as an officer of Macy’s serving as Executive Vice President, Chief Operating Officer, and Chief Financial Officer. The RSU grant represents part of his equity-based compensation package.